North America High-End Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 4.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America High-End Furniture Market Analysis
The North American high-end Furniture market is anticipated to record a CAGR of 4% during the forecast period.
High-end furniture which is largely dependent on the economic stability of the end-users was hardly hit by the sudden COVID-19 pandemic during the year 2020. The largest geography in the region, i.e., the United States is one among the top 5 countries with the highest number of cases, which led to economic instability and loss of employment for several customers. In addition to that the trade restrictions during April-August 2020, and the trade war between the US and China have also largely impacted the market studied and resulted in a drop in market revenue during the year.
However, owing to the growing customer interest towards more eco-friendly furniture along with other factors including high scope for customization, and the growing number of manufacturers who are offering high-quality, durable, and multi-functional furniture have been helping the market to record more sales transactions in the residential and commercial end-user segments of the market. Though the upward market trend got disturbed during the 2020 due to the pandemic, with the high vaccination rate during the first half of 2021, the situations that were the result of COVID-19, are getting back on track and is anticipated to help the high-end furniture demand to be dominant in the forecast period as well.
North America High-End Furniture Market Trends
This section covers the major market trends shaping the North America High-End Furniture Market according to our research experts:
Multi-Functional and Highly Durable Furniture are Helping in Market Expansion
High-end furniture has slowly starting to grab more customer attention with the evolving technology. The use of power tools in shaping the wood for different designs has helped the high-end furniture segment to get customized in accordance with the customer preferences. Similarly, customers are also looking for more multi-functional furniture in the region owing to their changing needs. In order to harness the full potential of limited spaces in their homes, they are switching multi-functional and high durable furniture which is helping the residential end-user segment to record more transactions. This trend is anticipated to help the market in recording more transactions in the forecast period as well.
Designer Studios are Anticipated to be Fastly Evolving in the Distribution Channel Segment
The distribution channels plays an important role in the high-end furniture market expansion owing to the high exposure and awareness they create about the products to the customers. A shift in trend in drawing customer attention from multi-model stores to designer studios is dominant in the market owing to the growing customer interest in understanding their product completely before making a purchasing decision. As designer studios offer a more enriched customer experience and act as a showcase to the manufacturer's work, they are anticipated to continue to gain more importance in the forecast period and become a fast-evolving sub-segment of the distribution channel in the market.
North America High-End Furniture Industry Overview
The report on the North America high-end furniture market covers major players operating in the high-end furniture market. The high-end furniture market in the region is largely driven by the manufacturer's ability to create new and innovative furniture products which bring more elegance to the interiors. The growing demand for high-end furniture across end-user segments is driving the manufacturers to create more unique furniture to attract customers.
North America High-End Furniture Market Leaders
-
French Heritage
-
RH(Restoration Hardware)
-
Brown Jordan International
-
Nella Vetrina
-
Koket
*Disclaimer: Major Players sorted in no particular order
North America High-End Furniture Market News
- Mar 2021, Brown Jordan introduced a technologically innovative website that allows unparalleled capabilities to globally search and specify award-winning products from the revered legacy brand. Launched March 1, the newly envisioned site enables architects, designers, and consumers the ability to peruse collections with exceptional access, speed, and ease.
- July 2020, Brown Jordan release 20TWENTY Collection. The 20TWENTY provides a sense of positivity and wellness derived from a balanced color palette-inspired nature.
North America High-End Furniture Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints/Challenges
- 4.4 Market Opportunities
- 4.5 Value Chain / Supply Chain Analysis
- 4.6 Porter's Five Force Analysis
- 4.7 Consumer Behaviour Analysis
- 4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
-
5.1 By Product
- 5.1.1 Seating Products (Chairs, Armchairs, Sofas)
- 5.1.2 Cabinets and Entertainment Units
- 5.1.3 Tables (Dining Tables, Reception Tables, etc.,)
- 5.1.4 Beds
- 5.1.5 Other Products
-
5.2 By Distribution Channel
- 5.2.1 Designer Studios
- 5.2.2 Furniture Specialty Stores
- 5.2.3 Online
- 5.2.4 Other Distribution Channels
-
5.3 By End-User
- 5.3.1 Residential
- 5.3.2 Commerical
-
5.4 By Geography
- 5.4.1 United States
- 5.4.2 Canada
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
-
6.2 Company Profiles
- 6.2.1 French Heritage
- 6.2.2 RH(Restoration Hardware)
- 6.2.3 Brown Jordan International
- 6.2.4 Nella Vetrina
- 6.2.5 Koket
- 6.2.6 Pottery Barn
- 6.2.7 Louis Interiors Inc
- 6.2.8 Barrymore Furniture
- 6.2.9 Bradington-Young
- 6.2.10 Grayson Luxury
- 6.2.11 Crate & Barrel and Century Furniture LLC*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. DISCLAIMER
North America High-End Furniture Industry Segmentation
A complete background analysis of the North America High-end furniture market, which includes an assessment of the emerging trends by segments, significant changes in market dynamics, and market overview, is covered in the report. The North America High-end furniture market is segmented by Product into Seating Products (Chairs, Armchairs, Sofas), Cabinets and Entertainment Units, Tables into Dining Tables, Reception Tables, etc.,), Beds and Other Products, by Distribution Channel into Designer Studios, Furniture Specialty Stores, Online and Other Distribution Channels), by End-User into Residential and Commerical, and by Geography into the United States and Canada. The report offers market size and forecasts for the North America High-end furniture market, in value (USD million) for all the above segments.
| By Product | Seating Products (Chairs, Armchairs, Sofas) |
| Cabinets and Entertainment Units | |
| Tables (Dining Tables, Reception Tables, etc.,) | |
| Beds | |
| Other Products | |
| By Distribution Channel | Designer Studios |
| Furniture Specialty Stores | |
| Online | |
| Other Distribution Channels | |
| By End-User | Residential |
| Commerical | |
| By Geography | United States |
| Canada |
North America High-End Furniture Market Research FAQs
What is the current North America High-End Furniture Market size?
The North America High-End Furniture Market is projected to register a CAGR of greater than 4.20% during the forecast period (2024-2029)
Who are the key players in North America High-End Furniture Market?
French Heritage, RH(Restoration Hardware), Brown Jordan International, Nella Vetrina and Koket are the major companies operating in the North America High-End Furniture Market.
What years does this North America High-End Furniture Market cover?
The report covers the North America High-End Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the North America High-End Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America High-End Furniture Industry Report
Statistics for the 2024 North America High-End Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America High-End Furniture analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
